PHILLIPS KENNETH A 4
4 · NORWOOD FINANCIAL CORP · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Norwood Financial (NWFL) Director Kenneth A. Phillips Receives Awards
What Happened Kenneth A. Phillips, a director of Norwood Financial Corp. (NWFL), received a series of equity awards that resulted in the acquisition of 504 shares across five vesting events. The transactions (all coded "A" for award/grant/acquisition) were:
- 2025-04-10: 123 shares at $24.33 — $2,993
- 2025-07-10: 117 shares at $25.60 — $2,995
- 2025-10-10: 116 shares at $25.84 — $2,997
- 2026-01-12: 105 shares at $28.42 — $2,984
- 2026-02-11: 43 shares at $31.62 — $1,360
Total: 504 shares, approximately $13,329. These were equity compensation/retainer shares (not open‑market purchases or sales).
Key Details
- Transaction dates & prices: listed above; each entry is an award/acquisition (Form 4 code "A").
- Shares owned after transaction: not specified in the provided filing.
- Filing date: Form 4 filed on 2026-02-13 covering transactions from 2025-04-10 through 2026-02-11; investors may note the filing reports multiple earlier vesting dates.
- Notable footnotes:
- F1: Director retainer shares issued under the 2024 Equity Incentive Plan.
- F2–F6: Vesting schedules — awards vest in equal annual installments (some over five years beginning Dec 2022–2024, others over three years beginning Dec 2025–2026) depending on the award.
Context
- These were compensation/retainer awards that vested (acquisitions), not purchases or sales. Such awards are routine forms of director compensation and do not by themselves indicate an immediate bullish or bearish signal.
- For long‑term interpretation, note the multi‑year vesting schedules in the footnotes; vesting over time is common for aligning directors with shareholder interests.
Insider Transaction Report
Form 4
PHILLIPS KENNETH A
Director
Transactions
- Award
Common Stock
[F1]2025-04-10$24.33/sh+123$2,993→ 15,288 total - Award
Common Stock
[F1]2025-07-10$25.60/sh+117$2,995→ 15,405 total - Award
Common Stock
[F1]2025-10-10$25.84/sh+116$2,997→ 15,521 total - Award
Common Stock
[F1]2026-01-12$28.42/sh+105$2,984→ 15,626 total - Award
Common Stock
[F1]2026-02-11$31.62/sh+43$1,360→ 15,669 total
Holdings
- 40(indirect: Restricted Stock)
Common Stock
[F2] - 280(indirect: Restricted Stock)
Common Stock
[F3] - 420(indirect: Restricted Stock)
Common Stock
[F4] - 550(indirect: Restricted Stock)
Common Stock
[F5] - 82(indirect: Restricted Stock)
Common Stock
[F5] - 825(indirect: Restricted Stock)
Common Stock
[F6]
Footnotes (6)
- [F1]Director Retainer Shares issued under the 2024 Equity Incentive Plan.
- [F2]Award vests in five equal installments beginning on December 14, 2022 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.
- [F3]Award vests in five equal installments beginning on December 13, 2023 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.
- [F4]Award vests in five equal installments beginning on December 12, 2024 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.
- [F5]Award vests in three equal installments beginning on December 15, 2025 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.
- [F6]Award vests in three equal installments beginning on December 15, 2026 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.
Signature
/s/ Kenneth A. Phillips, by John M. McCaffery, Attorney-in-Fact|2026-02-13